Important Economic Event: #Chinas #NBS Manufacturing #PMI (Oct) - 01:00 GMT, 1 November 2014 Though weekend trading tends to be quiet, those trading the #AUD should be actively on the lookout for Chinese economic data: and one that should not be missed is their NBS Manufacturing PMI as it could offer some indication for the Australian currency ahead of Australias Jobs Report and #RBA Interest Rate Decision happening next week. The manufacturing PMI data from China appears important to the performance of the AUD, as Australias economy is seen to rely on Chinas economic demands. With this data, it records the business conditions in China - any figure above 50 would indicate positivity, and it is expected to maintain at 51.1 as it was last month, for October. Should this data prove analysts expectations wrong or worse, it could affect the AUD negatively. Key assets to watch: #USD/AUD, #EUR/AUD, AUD/#NZD
Posted on: Sat, 01 Nov 2014 12:09:01 +0000
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